Friday, November 23, 2007

Volkswagen and Proton playing hard-to-get with each other

It appears Volkswagen and Proton has once again broken talks with each other. We're not sure if this is really the end between the two parties. This certainly isn't the first time Volkswagen and Proton have haulted talks with each other. No reason was given for their actions but certainly, they're not talking.

The press release, however, does not explicitly say that Volkswagen will not be pursuing Proton , only that they have decided to "shelve their joint talks...for the time being". That means its not completely done, yet.

So the saga continues between the two. When will it end? Or maybe it has...

Press release after the jump.

Source: Volkswagen

Wolfsburg, 20 November 2007 - Volkswagen Aktiengesellschaft and the Malaysian government have decided to shelve their joint talks concerning cooperation with or participation in the Malaysian automaker Proton Holdings Bhd for the time being. As a consequence, there is at present no foundation for a more in-depth investigation.

Irrespective of this decision, Volkswagen will be stepping up its efforts to review other possibilities for actively engaging in the ASEAN region and further intensifying its sales activities in the region, including such activities in Malaysia. The company remains committed to its plans to establish a sustainable and successful production and sales basis in the South East Asia region.


Post a Comment

Links to this post:

Create a Link

<< Home